Does Compulsory Traffic Insurance Cover Water Damage to Vehicles?

[SanCody]

Compulsory traffic insurance does not cover water damage to vehicles because it is designed to compensate third-party vehicles and individuals. Vehicle damage can only be claimed if the owner has purchased vehicle damage insurance. Compulsory traffic insurance is mandatory by the state, and vehicles cannot legally operate without it. Otherwise, according to the "Road Traffic Safety Law," the traffic management department of the public security authorities may impound the vehicle, require the owner to provide the corresponding license, registration, or complete the necessary procedures, and may issue a warning or impose a fine ranging from 20 to 200 yuan. Automobile Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims (excluding the vehicle occupants and the insured) caused by road traffic accidents within the liability limits. The premium is based on a nationally unified standard rate. However, the price of compulsory traffic insurance varies depending on the vehicle type, primarily influenced by the number of seats. Compared to the over 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance has a broader coverage, excluding losses caused by intentional actions of the victim, property damage to the insured, related arbitration and litigation costs, and certain indirect losses from accidents. Additionally, regardless of whether the insured vehicle is at fault in an accident, compulsory traffic insurance will compensate within the liability limits without deductibles or exemption rates. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company using digital signature software and enterprise digital certificates compliant with the PKI system, bearing the electronic signature of the insurer. An insurance policy, abbreviated as a policy, is the formal written proof of the insurance contract between the insurer and the insured. It must fully record the rights, obligations, and responsibilities of both parties. The content of the insurance policy serves as the basis for both parties to fulfill the contract, and it is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources by eliminating the need to print insurance proof labels; Time-saving and convenient, unrestricted by location or time, with information accessible online anytime, quickly and efficiently; Allows for reissuance or resending, eliminating concerns about loss. If a physical copy is needed offline, it can also be printed or mailed; Simplifies management by standardizing electronic records, making it easier for insurance companies and traffic police departments to manage vehicle insurance information.